The Economic Theory That Suggested an Alternative to the Rising

question 53

Multiple Choice

The economic theory that suggested an alternative to the rising unemployment and inflation that the static Phillips curve analysis could not explain was the:

• A)new classical economic theory.
• B)monetarist economic theory.
• C)new Keynesian economic theory.
• D)classical economic theory.
• E)traditional Keynesian economic theory.

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Definitions:

Vygotsky

A psychologist known for his theory of social development and concepts such as the Zone of Proximal Development and scaffolding in learning.

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